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South Korea: Stocks subdued, won edges down

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[SEOUL] South Korea's Kospi stock index was little changed in subdued trading on Friday morning. The Korean won fell while bond yields were flat.

At 02:29 GMT, the Kospi was down 0.01 point at 2,562.22.

The won was quoted at 1,063.4 per dollar on the onshore settlement platform , 0.45 per cent weaker than its previous close at 1,058.6.

In offshore trading, the won was quoted at 1,063.5 per dollar, up 0.18 per cent from the previous day, while in one-year non-deliverable forwards it fetched 1,053.6 per dollar.

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MSCI's broadest index of Asia-Pacific shares outside Japan was flat, after US stocks ended the previous session with small gains. Japanese stocks rose 0.17 per cent.

The Kospi is up around 3.8 per cent so far this year, and up by 3.67 per cent in the previous 30 days.

The current price-to-earnings ratio is 12.10, the dividend yield is 1.28 per cent and the market capitalisation is 1,242.04 trillion won.

The trading volume during the session on the Kospi index was 204,831,000 shares, and of the total traded issues of 883, the number of advancing shares was 471.

Foreigners were net buyers of 66,064 million won worth of shares.

The US dollar has fallen 0.27 per cent against the won this year. The won's high for the year is 1,056.67 per dollar on January 14 and low is 1,077.2 on January 23.

In money and debt markets, March futures on three-year treasury bonds rose 0.01 point to107.67.

REUTERS

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